Euro / U.S. DollarShort
2019Jan08 EURUSD H4 Bearish Bat
EURUSD has been on a sideways movement with a bearish bias as price has been below the 200 SMA on D1 timeframe. It has completed a bearish bat and was rejected at D completion. As such, I am placing a sell limit order at 1.14751. Stop loss is just above the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. I will cancel the pending order if price hits TP1 prior to being triggered. The details are as follows:
Trade Setup: Bearish Bat
Price Entry 1.14751
SL 1.15018 | SL pips 26.7
TP2 1.13708 | TP2 pips 104.3
RRR2 3.91
Trade Setup: Bearish Bat
Price Entry 1.14751
SL 1.15018 | SL pips 26.7
TP2 1.13708 | TP2 pips 104.3
RRR2 3.91
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.